‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Not displaying correctly?
Read in web browser
17 August 2022

July proved to be a stellar month for stock markets, with global equities up just over 10% in euro terms. In the US, interest rates rose another 0.75% at the July meeting of the Federal Reserve following on from a 0.75% hike in June. Despite this, the market now perceives the Fed to be slightly less hawkish as the US economic backdrop turns less optimistic. The US housing market is noticeably weaker as the effects of higher rates take hold.

 

Global economic activity continues to accelerate, helped by the rebound in Asia. However, in Europe and North America economic growth is expected to slow as suggested by leading indicators (such as PMIs) and lagging indicators (such as GDP growth). Within the eurozone, the ECB raised rates to move out of negative territory for the first time in a decade and announced a new ‘Transmission Protection Instrument’ to contain sovereign bond spread widening. Despite the rate rise news, eurozone sovereign bonds enjoyed a positive month. In politics, Mario Draghi resigned with general elections to follow in September.

 

For full details of last month's market movements you can download our monthly reports below. 

Zurich’s online Risk Profiler tool enhancements
 

Zurich’s Risk Profiler tool has been updated to include a sustainability assessment.

 

The Zurich Sustainability Assessment allows you to work with your clients to get a holistic view of their current situation by assessing and understanding their sustainability preferences.

 
Learn more
 
 
 
Monthly Investment Review
 
 
Click here to read more
 
Prisma Report
 
 
Click here to read more
 


Jacqueline Hogan
Investment Marketing Specialist
jacqueline.hogan@zurich.com

Zurich Life Assurance plc
Zurich House, Frascati Road, Blackrock, Co. Dublin, Ireland.
Telephone: 01 283 1301 Fax: 01 283 1578 Website: www.zurich.ie
Zurich Life Assurance plc is regulated by the Central Bank of Ireland.
                        
About us        Broker Centre        Issue Archive        Print friendly version        Visit our website